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ATLAS Infrastructure, a new firm registered in both Australia and the UK, is seeking third-party capital for its UCITS fund, which the GIP partners have also seeded.
A second core infra vehicle will help broaden its LP base, while the planned Eurofideme-4 will seek to finance the wider energy transition.
The debut infra vehicle is targeting €700m, which will be deployed across Europe over two years – but it is likely to avoid the UK due to currency risks.
The firm has added two new directors to the equity team as well as its first infra appointment to the strategy and research division.
Tony Adams’ departure comes as Prudential’s Asia arm hires two senior execs from Deutsche Asset Management spin-off Daestrum Capital.
A first close is expected in the first half of next year and the fund will include an expansion outside the Middle East.
The bioenergy investor is also believed to be in talks regarding investments in projects recently backed by the UK’s CfD regime.
A subsidiary of Texas-based Quanta Services, the debut vehicle also has $2bn in non-discretionary co-investment capital.
The Japanese investment manager has also secured an overseas infrastructure mandate from Chikyoren, one of the biggest pensions in Japan.
The UK firm is looking for co-investment partners with an infrastructure background to target derisked production assets in Australia and New Zealand.